Business ecosystems under crisis conditions: Identifying risk factors

Abstract

Goal: the purpose of this study is to identify new risk factors due to changes in the external conditions of the functioning of business ecosystems.

Methodology: the methodological tools in this work are the system economic theory in terms of the development of ecosystem economics, and the operational theory of risk management, supplemented by a phenomenological approach to risk management.

Findings: we have identified the risk factors of object, process, project and environmental subsystems in the activities of business ecosystems and compared them for the conditions of the pandemic and sanctions from foreign countries. We have proposed such a structuring of the economic space within the business ecosystem, which allows analyzing, clarifying and specifying the range of possible risk factors for the given conditions of activity from a systematic standpoint, not to skip significant and not to include unnecessary factors in consideration.

Originality and contribution: the originality and novelty of the approach to the identification of risk factors is characterized by the use of systemic economic theory, which allows to distinguish four types of basic socio-economic systems (object, project, process and environmental) on a spatiotemporal basis.

Keywords:

business ecosystem, enterprise, organization, consumer, economic agent, risk phenomenon, risk factor, object subsystems, process subsystems, subsystems, environment subsystems